National Bank Holdings Corporation (NYSE:NBHC) Stock Now Rated “Hold” by Sell-Side Analysts

National Bank Holdings Corporation (NYSE:NBHC) has been given an average recommendation of “Hold” by the five brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $47.67.

A number of research firms have recently weighed in on NBHC. Weiss Ratings downgraded shares of National Bank from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Stephens lowered National Bank from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a research note on Thursday, August 6th. Piper Sandler reduced their target price on National Bank from $52.00 to $51.00 and set an “overweight” rating on the stock in a report on Monday, July 27th. Finally, Zacks Research cut National Bank from a “hold” rating to a “strong sell” rating in a research report on Wednesday.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Endeavour Capital Advisors Inc. bought a new position in shares of National Bank in the 4th quarter worth about $6,659,000. Empowered Funds LLC boosted its position in shares of National Bank by 30.9% during the 1st quarter. Empowered Funds LLC now owns 198,568 shares of the financial services provider’s stock valued at $7,776,000 after purchasing an additional 46,869 shares in the last quarter. Hsbc Holdings PLC grew its stake in National Bank by 1,188.0% during the fourth quarter. Hsbc Holdings PLC now owns 186,020 shares of the financial services provider’s stock worth $7,071,000 after purchasing an additional 171,578 shares during the period. Bank of America Corp DE grew its stake in National Bank by 45.8% during the first quarter. Bank of America Corp DE now owns 135,454 shares of the financial services provider’s stock worth $5,304,000 after purchasing an additional 42,572 shares during the period. Finally, Jefferies Financial Group Inc. bought a new stake in National Bank in the fourth quarter worth approximately $950,000. 92.65% of the stock is owned by institutional investors.

National Bank Stock Performance

Shares of NYSE NBHC opened at $40.11 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.96. The stock’s fifty day moving average price is $42.16 and its two-hundred day moving average price is $42.00. National Bank has a one year low of $35.06 and a one year high of $47.28. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 16.85 and a beta of 0.77.

National Bank (NYSE:NBHC) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.03). National Bank had a return on equity of 8.35% and a net margin of 15.11%.The firm had revenue of $129.94 million for the quarter, compared to analyst estimates of $135.08 million. During the same period in the prior year, the business posted $0.88 EPS. The firm’s quarterly revenue was up 23.4% compared to the same quarter last year. On average, equities analysts forecast that National Bank will post 3.29 EPS for the current year.

National Bank Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Friday, August 28th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 28th. National Bank’s dividend payout ratio is 53.78%.

National Bank Company Profile

National Bank Holdings Corporation (NYSE: NBHC) is a bank holding company headquartered in Greenwood Village, Colorado. Through its principal subsidiary, NBH Bank, the company provides community banking services to businesses, individuals and organizations.

NBH Bank offers commercial and small-business lending, personal and business deposit accounts, mortgage and consumer loans, treasury management, digital banking and wealth management services. Its products are designed to support commercial clients, professionals, entrepreneurs and retail customers.

The company serves customers through a network of banking locations and digital channels in several markets across the central and western United States, including Colorado, Kansas, Missouri, New Mexico, Texas and Wyoming.